PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 million banking users had been exposed on a forum used by hackers to sell and swap ill-gotten data. In a blog post, Dave blamed the data breach on Waydev, a former third-party service provider.

Data Breach 98

Data Breach Breach FinTech Third-Party Service Provider 98

Payments Dive

SEPTEMBER 26, 2023

The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

Breach 140

Breach Data Breach Visa 140

Bank Automation

SEPTEMBER 16, 2024

Ally Financial faces two class action lawsuits in the wake of a data breach earlier this year. 7, are suing Ally Financial subsidiary Detroit-based Ally Bank for: […] The post Ally faces legal battle after data breach appeared first on Bank Automation News.

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Data Breach Breach Legal Automation 81

Payments Source

DECEMBER 10, 2020

It's important that breach mitigation strategies take younger people, gaming and school into account, says ForgeRock's Ben Goodman.

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Breach Data Breach Risk Mitigation 124

Bank Automation

MAY 20, 2024

The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb. The federal watchdog is looking to implement […]

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Data Breach Breach Regulations Privacy 80

VISTA InfoSec

MARCH 28, 2024

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. You should also regularly review stored data and purge what is no longer needed.

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Data Breach Regulatory Compliance Breach Encryption 277

Payments Source

JUNE 9, 2019

Financial institutions have different levels of breach protection than health care, heightening the risk, according to Brad Keller, senior vice president and program director at Shared Assessments.

Breach 122

Breach Data Breach Assessments Risk 122

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Folksam said it had accidentally allowed big tech companies to access customers’ private data, Bloomberg reported. We have immediately stopped sharing this personal information and requested that it be deleted.”.

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Data Breach Breach Cybersecurity Audit 102

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. The state-owned bank did not comment but told clients in an email that the attack was on some of the employees’ mailboxes.

Data Breach 122

Data Breach Breach Identity Theft Law Enforcement 122

Finextra

MAY 14, 2024

Banco Santander has reported a data breach at a third party provider that exposed client and employee data.

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Data Breach Breach 75

PYMNTS

JUNE 24, 2020

Messaging app Telegram said a data breach has exposed a database containing the personal information of millions of users, according to a Cointelgraph report. Data breaches have not slowed during the pandemic. The company introduced new measures for privacy in response, letting users hide their phone number from everyone.

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Breach Data Breach Law Enforcement Database 115

VISTA InfoSec

JUNE 26, 2024

The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.

Cybersecurity 256

Cybersecurity Due Diligence Security Risk Management 256

The Paypers

OCTOBER 29, 2024

Transak , a firm providing crypto on-ramp services, has recently reported a data breach impacting over 92,000 users due to a phishing incident.

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Data Breach Phishing Breach 74

Finextra

NOVEMBER 21, 2024

Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.

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Data Breach Breach FinTech Process 64

Fintech News

NOVEMBER 24, 2024

Finastra, a major financial software provider that serves many of the world’s leading banks, is grappling with a data breach. The company confirmed the incident to TechCrunch following a hacker’s claim of compromising Finastra ‘s internal file-transfer platform and subsequent attempts to sell the stolen data.

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Breach Compromise Data Breach Credential 114

TechCrunch Fintech

NOVEMBER 20, 2024

An incident disclosure shared with Finastra's banking and financial customers confirms a hacker stole files from a company system. © 2024 TechCrunch. All rights reserved. For personal use only.

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Data Breach Breach FinTech Cybersecurity 99

VISTA InfoSec

JUNE 18, 2024

As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

Data Security 254

Data Security Security Encryption Cybersecurity 254

Finextra

DECEMBER 4, 2024

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

Data Breach 111

Data Breach Breach AI 111

Bank Automation

FEBRUARY 15, 2024

Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)

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Data Breach Breach Security Cybersecurity 84

Payments Dive

JANUARY 20, 2023

Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

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Data Breach Breach PayPal Credential 78

VISTA InfoSec

APRIL 5, 2024

The following are some of the consequences when data privacy and security are compromised: Productivity loss. Operational interruption happens when cybersecurity is breached. Data breaches don’t easily get overlooked. Tainted reputation.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

VISTA InfoSec

MAY 24, 2024

Understanding PCI DSS Developed by the Payment Card Industry Security Standards Council (PCI SSC), it is mandatory for all businesses to be PCI compliant to protect cardholders, companies, the Merchants and Service Providers they do business with from data breaches, fraud, and unauthorized access. 5 / 5 ( 1 vote )

PCI DSS 240

PCI DSS Small Business Assessments Compliance 240

EBizCharge

OCTOBER 25, 2023

Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 What are data breaches?

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Best Practices Data Breach Breach Phishing 52

Finextra

MARCH 8, 2024

million) by the country’s data protection authority over 2018 data breach case. UniCredit, Italy’s second-largest bank, has been fined €2.8 million (£2.3

Data Breach 52

Data Breach Breach Authorization 52

Finextra

OCTOBER 30, 2024

Weeks after it suffered a major cyberattack, MoneyGram has replaced CEO Alex Holmes with Walmart executive Anthony Soohoo.

Data Breach 75

Data Breach Breach 75

Payments Source

AUGUST 26, 2019

Not only does it illustrate the willingness of regulators to impose massive fines for massive data breaches, it also reminds us that this situation could be just the tip of a financial iceberg, says White Hat Security's Mark Rogan.

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Regulations Data Breach Breach Security 125

Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

Visa 137

Visa AI Data Breach Security 137

The Fintech Times

JULY 30, 2024

The cost of data breaches has been on a steady incline for the past decade. However, evidence from IBM , a multinational tech firm, suggests that in the next 10 years, breaches could cost a lot more as we just experienced the highest year-on-year jump in cyber attacks (10 per cent).

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Data Breach Breach AI Law Enforcement 59

Finextra

DECEMBER 12, 2024

In today's digital landscape, where data breaches and cyber threats are increasingly prevalent, ensu.

ISOs 100

ISOs Data Breach Breach Security 100

Payments Source

SEPTEMBER 28, 2020

It’s about time that we stopped ranking personal data theft on perceived severity. Any breach in which personal data is stolen needs to be treated as highly serious and punishable, says Juniper Networks’ Laurence Pitt.

Breach 114

Breach Data Breach Risk Payments 114

Fintech News

MAY 27, 2024

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

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APACS Data Breach FinTech Fraud Prevention 115

VISTA InfoSec

JULY 19, 2024

This might lead to serious data breaches , such as exposing customers’ information across financial, government, or healthcare facilities. Network vulnerabilities: Unsecure PCBs will potentially fail to protect network security appliances.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Payments Dive

AUGUST 25, 2022

A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

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Blocks Data Breach Breach 113

Payments Source

DECEMBER 1, 2019

While we expect growing consumer demand for biometrics, we also expect to see payments industry players move toward these types of future-proof technologies and away from legacy password-type systems, says Nuance Communications' Simon Marchand.

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Breach Consumer Technology Payments 153

VISTA InfoSec

JUNE 7, 2024

As businesses become more digital, their vulnerability to cybersecurity threats like data breaches and ransomware attacks also rises. These extra-strict access controls reduce a company’s risk of data breaches and other costly security issues. How Will a ZTNA Solution Benefit Your Company?

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Micro-Entry Data Breach Breach Cybersecurity 162

VISTA InfoSec

OCTOBER 21, 2024

Data breaches, cyberattacks and misuse of personal information are severe threats challenging the privacy of customer’s data, they can not only damage a company’s reputation but can also lead to heavy fines if compromised. To overcome these challenges, data protection laws are established.

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CCPA Privacy Laws Data Breach 130

VISTA InfoSec

JULY 5, 2023

Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks. From March 2021 to March 2022, the average cost of a data breach in healthcare was over $10 million, up from $9.23 Thus, protecting EHRs is crucial to avoid data breaches from hackers.

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PCI DSS Compliance Data Breach Breach 130